‘Gold is Difficult to Verify’: CZ Pokes Bitcoin Critic Peter Schiff

Group 1 - Binance founder Changpeng 'CZ' Zhao criticized gold's verifiability, stating it is "difficult to verify" in response to questions about the stalled Fort Knox audit [1][2] - The US Treasury's gold reserves total 261.5 million troy ounces, with 147.3 million ounces stored at Fort Knox, which has not undergone a comprehensive audit since 1953 [3] - CZ's comments highlight the transparency advantages of cryptocurrencies like Bitcoin over traditional gold assets, which lack a clear verification process [4] Group 2 - The rivalry between gold and Bitcoin is intensifying, with Peter Schiff planning to launch a tokenized gold product, allowing users to buy and transfer gold digitally [5] - CZ pointed out that tokenized gold does not equate to physical gold, emphasizing the reliance on third-party trust for the actual asset delivery [6]